Bitcoin stalls below key resistance as analysts clash over next move
AiCoin|Apr 09, 2026 10:32
Despite a geopolitical "risk-on" boost, crypto markets remain range-bound with BTC hovering at $71,200 while altcoins like MANA and AERO show strength.
What to know : Analysts are sharply divided; Bloomberg’s Mike McGlone warns of a potential "meltdown" to $10,000 if BTC fails to reclaim $75,000, while Fundstrat’s Tom Lee insists the market bottom is already behind us. While Bitcoin and Ether remain relatively flat, the altcoin market is showing signs of life with MANA and AERO rising 6%, though MANA’s gains appear driven by a 25% spike in leveraged open interest rather than spot buying. Traders are watching for a decisive break above $75,000; establishing support there is widely viewed as the necessary catalyst for a capital rotation into currently oversold altcoin sectors.
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